Start-up Costs

The Start-up Costs are.

expenditures incurred after the decision has been made to establish a particular business but before business operations begin. Any amounts paid or incurred in connection with creating or investigating the creation or acquisition of an active trade or business. A taxpayer who subsequently enters upon a trade or business can elect to amortize these expenses over a period of not less than 60 months, starting with the month in which the business begins. Former IRC (check if this IRC provision is current here) §195.